Short Interest in Marchex, Inc. (NASDAQ:MCHX) Declines By 40.2%

Marchex, Inc. (NASDAQ:MCHX) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 14,404 shares, a decline of 40.2% from the May 14th total of 24,073 shares. Based on an average daily volume of 42,346 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Marchex

Institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Marchex during the 4th quarter valued at $26,000. Jane Street Group LLC bought a new stake in Marchex in the first quarter worth $30,000. Manatuck Hill Partners LLC bought a new stake in Marchex in the second quarter worth $88,000. Marathon Capital Management boosted its holdings in Marchex by 13.9% in the third quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Acuitas Investments LLC bought a new stake in Marchex in the first quarter worth $207,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Marchex in a research report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Marchex Stock Performance

NASDAQ MCHX opened at $1.55 on Wednesday. Marchex has a twelve month low of $1.32 and a twelve month high of $2.31. The stock has a market cap of $68.67 million, a price-to-earnings ratio of -14.09 and a beta of 1.91. The firm’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.60.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $10.62 million for the quarter, compared to analysts’ expectations of $10.89 million. Marchex had a negative return on equity of 14.61% and a negative net margin of 11.15%. On average, research analysts forecast that Marchex will post 0.01 EPS for the current fiscal year.

Marchex Company Profile

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.